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Both Bond Sam and Bond Dave have 6 . 5 % coupons, make semiannual payments, and are priced at par value. Bond Sam has 3

Both Bond Sam and Bond Dave have 6.5% coupons, make semiannual payments, and are priced at par value. Bond Sam has 3 years to maturity, whereas Bond Dave has 20 years to maturity. If interest rates suddenly rise by 2%, what is the percentage change in the price of Bond Sam? Of Bond Dave? If rates were to suddenly fall by 2% instead, what would the percentage change in the price of Bond Sam be then? Of Bond Dave? All bond price answers should be dollar prices.
Price at current YTM:
Price of Bond Sam:
Price of Bond Dave:
Price if YTM increases:
Price of Bond Sam:
Price of Bond Dave:
% change in Bond Sam:
% change in Bond Dave:
Price if YTM decreases:
Price of Bond Sam:
Price of Bond Dave:
% change in Bond Sam:
% change in Bond Dave:
PLEASE ANSWER USING THE CELL BOXES SHOWN IN THE IMAGE. I NEED TO SUBMIT AS EXCEL FORMULAS. THANK YOU.
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